Q. Which Downpayment Assistance Programs do you recommend?
Q. I have a few customers that have inquired about first time homebuyer programs- one in particular "the american dream" program. These people are looking for assistance in thier closing costs, obviously, because they don't have a lot of cash on hand.
Q. Are you aware of an online source that provides a list of all the homebuyer grants offered? I'm looking for federal, state (TX) and city grants. I know there are a lot of them available. I'm just having a hard time compiling a list to offer to my first time homebuyers.
I work in California and have many first time home buyers ask me about down payment or closing cost assistance. I'm not familiar with these programs. How does someone qualify and what different types of programs are available to financially assist first time buyers?
Q. I have a client who has a school teacher and public employee loan where apparantly they were given a grant for the 2nd? I say that becasue according to them it doesnt have to be paid back and after I believe 3yrs the house is completely theirs. They are asking me about being able to refi at that time and pull out their equity and wondering if there is any limits on being able to do this. Since I have never heard of a loan like that I was hoping you might be able to shed some light on the subject.
Thanks for your help,
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